MOSCOW / AP Commodities giant Glencore and Qatar’s sovereign wealth fund have together acquired a 19.5 percent stake in Russia’s top state-controlled oil company, Rosneft, in a deal worth 10.5 billion euros ($11.3 billion), officials said. The long-planned sale is part of the Russian government’s efforts to sell some state assets to help balance the budget amid a two-year ...

  Bloomberg One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second largest consumer after the US, will probably slow by more than 60 percent in 2017, according to a Bloomberg survey of analysts including FGE and Energy Aspects Ltd. Private refiners that helped boost purchases to record ...

  Bloomberg Egypt’s urban consumer prices rose the fastest in eight years in November, driven by a 21.5 percent increase in food costs after the government floated the currency and raised fuel prices. Annual urban inflation accelerated to 19.4 percent, while monthly inflation climbed to 4.8 percent, according to the state-run statistics agency CAPMAS. The annual rate was the highest ...